Current Affairs

GK MCQs Section

Page-2 of Topic: Finance Ministry

Maximum insurance for bank deposits increased to ₹ 5 Lakh

The Union Finance Minister hiked the maximum insurance provided for bank deposits to ₹ 5 Lakh, per depositor, in her recent Union Budget 20-21. As per the existing...

February 3, 2020

Finance Minister announces 102 lakh crore rupees project

On December 31, 2019, Finance Minister Nirmala Sitaraman announced 102 lakh crore worth projects to be implemented in next 5 years. During the announcement, she also released the...

January 1, 2020

Govt. makes Aadhaar mandatory for PMVKY subscribers

Centre government has made Aadhaar (the unique 12-digit biometric identity number) mandatory for subscribers of Pradhan Mantri Vaya Vandana Yojana (PMVVY) which is a pension scheme for senior...

December 27, 2019

GoI merges three Insurance PSUs

The GoI will merge 3 public Sector Insurance Companies as announced in budget 2019-20. The merger includes United India Insurance Limited, National Insurance Co Limited and Oriental Insurance...

November 18, 2019

India-US Economic and Financial Partnership Meeting held

The 7th India-US Economic and Financial partnership meeting was held in New Delhi. It was Co-chaired by Finance Minister Nirmala Seetharaman and US Secretary Steven T Minuchin. The...

November 3, 2019

Finance Minister chairs meeting of NIIF’s Governing Council

The governing council meeting of National Investment and Infrastructure Fund (NIIF) was chaired by Union Finance Minister Nirmala Sitharaman in North Block, New Delhi. Minister of State for...

October 30, 2019

PF rate to remain unchanged

After a lengthy discussion by the various Union Ministries involved in the process, the Union Government has decided to notify an 8.65% interest rate for the PF deposits...

August 23, 2019

Government notifies Sabka Vishwas-Legacy Dispute Resolution Scheme, 2019

Union Finance Ministry has notified Sabka Vishwas-Legacy Dispute Resolution Scheme, 2019, a dispute resolution and amnesty scheme to reduce legacy service tax and central excise cases. It will...

August 23, 2019

Index of Eight Core Industries – June 2019

The government has released the data of the Index of Eight Core Industries for June 2019. The monthly Index of Eight Core Industries (ICI) is a production volume...

August 1, 2019

PSU banks to bring down govt equity to 52%

The Finance Ministry has asked the public sector banks to gradually reduce the government’s equity to 52 per cent. Currently, some of the public sector banks have government’s...

January 16, 2019

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